Gazprom Neft: Increases Novoportovskoye Pipeline Capacity
Gazprom Neft has begun construction of the second section of a pressure-pipeline from the Novoportovskoye field to Cape Kammeny (located on the shore of the Gulf of Ob, Yamalo-Nenets Autonomous Region), for onward shipment to customers by sea. Some 530 mm in diameter and running to a length of 105 kilometres, the pipeline will, once complete, have a total capacity of more than 5.5 million tonnes of oil per …
GlobalData Analyst: Russia Looks to Asia to Ease Oil and Gas Industry Pressures
External pressures on Russia’s oil and gas industry have compelled the country to seek partnerships with Asia-based companies to help with the production and marketing of its vast hydrocarbon resources, says an analyst with research and consulting firm GlobalData. According to Anna Belova, GlobalData’s Upstream Analyst covering the Former Soviet …
EIA: Kazakhstan Report
Kazakhstan, an oil producer since 1911, has the second-largest oil reserves as well as the second-largest oil production among the former Soviet republics after Russia. Kazakhstan is a major oil producer. The country’s estimated total petroleum and other liquids production was 1.70 million barrels per day (bbl/d) in 2014. The …
Tethys Petroleum: New Gas Production Phase Doubles Production
Tethys Petroleum Limited is pleased to announce that the new phase of gas production is on stream and is producing at more than double previous production. Kazakhstan Shallow Gas Programme Update – Gas Production Doubles Following the recent announcement of a new Gas Sales Contract, the next phase of shallow …
Urals Energy: Workover Commences on ArticNeft Wells – Fracking Unlikely This Year
Urals Energy PCL, the independent exploration and production company with operations in Russia, is pleased to announce a drilling update and further information on the recent accident at the Petrosakh refinery and the workover at Articneft. ArticNeft A first workover of well #546 at ArticNeft has been successfully completed. After …
Urals Energy: Successfully Settles Outstanding Debt Claim
Urals Energy PCL, the independent exploration and production company with operations in Russia, is pleased to announce that the Company has now signed a comprehensive settlement agreement with Mr V Rovneiko, a former Director of the Company, on all outstanding litigation and pending or threatened disputes, following the discussions announced …
NOVATEK: YoY Gas Productions Up 11.3%
OAO NOVATEK reported today preliminary operating data for the fourth quarter and full year 2014. In the fourth quarter 2014, NOVATEK’s sales production totaled 16.27 billion cubic meters (bcm) of natural gas and 1,760 thousand tons of liquids (gas condensate and crude oil). The Company’s full year 2014 sales production …
Urals Energy: Petrosak Refinery Fire – None Injured, Oilfield Operations Unaffected
Urals Energy PCL, the independent exploration and production company with operations in Russia, announces that on 9 January 2015 a fire occurred at its Petrosak refinery caused by an accident which occurred during recent adverse weather conditions. No one was injured during the fire and the oil field operations were …
KMG EP: Appoints Dastan Abdulgafarov As CFO
KazMunaiGas Exploration Production JSC has appointed a new CFO, Dastan Abdulgafarov, following the resignation of Zhanneta Bekezhanova. Dastan Abdulgafarov, the former Managing Director of Business Development, has been appointed as the Chief Financial Officer (Deputy CEO for Economy and Finance). Dastan Abdulgafarov will also remain a member of the Company’s …
Zoltav Resources: Erlind Holdings Limited Acquires 4.48% of the Company
Zoltav, the CIS-focused oil and gas exploration and production company, announces that it was notified on 12 January 2015 that on 9 January 2015 Erlinad Holdings Limited (“Erlinad”), a company which is ultimately wholly beneficially owned by Mr. David Davidovich, acquired 6,353,568 ordinary shares in the Company (“Ordinary Shares”). As …